Yonge Street, the longest street in the world, is now going to be home to the largest development in Canada, the 1 Yonge Condos. There are four condos planned for the 1 Yonge site. The proposed height is 70 storeys, 70 storeys, 92 storeys, and 98 storeys in height. The north-west corner of the site, the one closest to the Toronto core, will have the tallest tower. The Toronto Star building located on the corner of Yonge and Queens Quay will remain due to a long lease of the property but the old printing plant, distribution building and parking lots will be the site of the new condos.
The developer, Pinnacle Developments, purchased the land for a whopping 250 million dollars and they have recruited the modern Hariri Pontarini Architects to design concept plans for the site. Pinnacle is no stranger to this area. They already have two successful condo at the waterfront with 33 Bay St Condos and Success Tower.
A site at the base of Yonge Street deserves a “go big or go home” approach and although plans are still in the preliminary stages, the plan is to build the tallest residential condo and tallest waterfront condo in Canada at a whopping 98 storeys high. As it is proposed now, 1 Yonge Condo will overtop Eau Du Soleil as the tallest waterfront condo and Aura Condo at Yonge & Gerrard as the tallest residential condo in Canada.
On top of the residential, the site also plans to bring additional retail and restaurant space on street level. Additionally, there are plans to incorporate a high end hotel into the condos, but all of this is just proposed at the moment. Nothing has been finalized.
What are your thoughts on 1 Yonge Condos?